Putting a stop to not-so-subtle rumors, Sen. Jim Webb (D-Va.) has officially taken his name out of the running as a possible vice presidential pick to run alongside the all-but-certain Democratic presidential nominee.

On Monday, Webb released a statement saying that he will work to get Sen. Barack Obama (D-Ill.) into the White House, but he would not do so as his running mate.

“Last week I communicated to Sen. Obama and his presidential campaign my firm intention to remain in the United States Senate, where I believe I am best equipped to serve the people of Virginia and this country. Under no circumstances will I be a candidate for Vice President,” the statement read.

In other presidential developments Monday, Obama announced that he would hold his convention acceptance speech outside of the hall at the Invesco Field at Mile High in Denver, which will quadruple his audience to more than 75,000 spectators.